Tether assesses the security architecture of each network to ensure the safety, usability, and sustainability of the chosen blockchain.
The stablecoin aims to allocate resources to enhance security, efficiency, and foster innovation in the crypto landscape.
Prioritizing Community and Innovation in Blockchain Support
According to a blog post, Tether will discontinue support for the EOS and Algorand implementations. The transition will proceed as follows: Tether will cease minting USD₮ on EOS and Algorand starting today, June 24, 2024.
However, Tether will continue to redeem USD₮ on these platforms as usual for the next 12 months. Further changes may be evaluated and announced around that time.
Source: X
This strategic shift is not made lightly. It is a reflection of our constant reassessment to align our support with the most beneficial and widely used platforms within the community.
More About Tether
USDT on the TON blockchain is now accessible on several major platforms, including Travala.com, GateTR, and Binance. This integration allows users to utilize USDT on TON for travel bookings on Travala.com, engage in trading on GateTR, and manage their assets on Binance, thereby enhancing the utility and reach of USDT.
Source: X
This expansion demonstrates a significant step towards broader adoption and usability of USDT within the blockchain ecosystem, providing users with more versatile and seamless transaction options across these popular services.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
